Technology brings a range of benefits in your house
As the property market continues to evolve, staying ahead of the trends is essential for anyone looking to sell their home. The latest data from Samsung’s Smart Home Buyers Index 2024 highlights a significant opportunity for homeowners and developers alike.
An impressive 79% of surveyed buyers express a strong desire for smart homes, and they’re willing to pay a premium—an average of 7.7% more on the UK house price, equating to approximately £21,774. This shift towards smart home technology isn't just a passing fad; it's a powerful movement that's here to stay.
The smart home market is set to grow at a compound annual rate of 11.66% from 2024 to 2028, with projected revenues reaching around £8.6bn in 2024 alone. For sellers, this means incorporating smart technology can significantly enhance the appeal and value of your home.
Money always matters in the property market
Financial concerns are driving this demand, with 63% of buyers seeking cost savings through smart technology. Furthermore, 70% of respondents highlighted energy efficiency as a key motivation, with 84% aiming to reduce their energy bills. Samsung’s analysis of search volumes supports this trend, showing a nearly 60% increase in searches for smart energy appliances from April 2023 to April 2024, with air source heat pumps seeing a remarkable 173% year-on-year rise, surpassing searches for smart meters.
This growing focus on energy efficiency aligns perfectly with the UK Government’s Future Homes and Buildings Standards, which will require new homes built from 2025 to produce 75% to 80% less carbon than those built under previous regulations. Homebuilders and developers who incorporate future-proofed technologies now can support buyers in achieving energy efficiencies and cost savings, making their properties more attractive in the long run.
As you prepare to sell your home, consider integrating smart home features to meet this rising demand. Our team is here to provide expert advice and support, helping you capitalise on this trend and maximise your property’s potential. Contact Anthony Jones Propertiestoday to learn more about how smart technology can make your home more appealing to modern buyers.
What is the company saying about it?
Mark Seaman, Head of Samsung B2B Integrated Offering Team said: “It’s critical that homes can support ongoing technology development and adapt to the ever-evolving landscape for smart devices and appliances. The sole focus shouldn’t be on providing technology for the short term but on ensuring that homes are future-proofed.”
Mark Seaman concluded by saying: "With 61% of our survey respondents saying they expect AI to become more important to them in the coming years, even if they’re not using it now, it’s clear today’s consumers are increasingly aware of its potential. Recent years have seen significant focus on the UK housing market, and the cost-of-living crisis, rising inflation and uncertain energy prices have also been top of many people’s agendas. There is a real opportunity for developers and homebuilders to engage the right partners and integrate technology from the outset, taking a digital-first approach when building the homes of tomorrow, today.”
We are pleased to say we have helped many homeowners connect with buyers. There are many things buyers are looking for, and technology in homes is a factor that buyers love to see. If you are looking to upgrade your house before going to market, we are well placed to assist you present your property in the best manner. Get in touch to arrange a discussion, and to discuss your options.
We are here to help you move in and around Wynyard
If you are looking for help with any matter of the Wynyard property market, it is best to speak to
property professionals. No one knows for sure what is going to happen next, so we won’t claim to have all the answers, but the Anthony Jones team is keen to help you as best we can. If you would like to contact us over housing matters, please call us today on 01740 807107.